BBBY is the latest GameStop iteration. And, why not? I suppose we should just expect these kinds of manic episodes every so often now.
It does seem to me, however, that message boards running rampant pumping certain stocks is a bit…not in the spirit of how these things should go according to the book.
But, if it can’t really be stopped (unless you know how the SEC or whoever else can shut down massive internet communication channels) then maybe we should just learn to have a little fun with it?
Will BBBY go as crazy as GameStop? Or, is there some equilibrium that the markets will reach in counter reaction to these sorts of manias?
Long term, will this just randomly happen all the time or will the noise become too much? Is this just how it has always been, especially when we look at smaller cap stocks that regularly go up several fold in a day?
All good questions but ones with complex answers. Let’s not get too wrapped up in how things should be or might be though, let’s rather just enjoy the ups and downs of this crazy market ride.